Employee Beneits Continued VI

INDIA SCHEDULES TO FINANCIAL STATEMENTS AS AT 31 MARCH 2014 Currency: Indian rupees in thousands

41. Employee Beneits Continued VI

Asset Information 31 Mar 2014 31 Mar 2013 Insurer Managed Funds 15,421 22,757 VII Experience adjustment 31 Mar 14 31 Mar 13 31 Mar 12 31 Mar 11 31 Mar 10 Experience adjustment on Plan Liabilities: GainLoss 4,985 6,418 4,899 960 4,653 Experience adjustment on Plan Asset : Gain 159 307 306 255 263 VIII Principal Actuarial Assumptions 31 Mar 2014 31 Mar 2013 Discount Rate per annum 8.9 7.9 Expected rate of return on assets per annum 8 8 Salary Escalation Rate per annum 6 7 Attrition Rate 16 18 Expected average remaining working lives of employees 5 years 4 years Mortality Rate IALM 2006-08 Ult. IALM 2006-08 Ult. 42. Employee share based payments The Bank grants shares in its ultimate parent, DBS Group Holdings Ltd, to certain eligible employees. Upon settlement the shares are transferred to its employees. The shares are awarded to the eligible employees as per the current schemes which are set out below: a. Restricted share plan – The shares awarded under the said plan to the eligible employees could be performance-based andor time-based. Where time-based awards are granted, they will only vest after the satisfactory completion of time-based service conditions. A time-based award comprises two elements, namely, the main award and the retention also known as “kicker” award. Shares awarded vest in a graded manner whereby, thirty-three percent of the shares comprised in the main award will vest two years after the date of grant. A further thirty-three percent of the shares comprised in the main award will vest three years after the date of grant. The remainder thirty-four percent of the shares comprised in the main award, together with the shares comprised in the retention award, known as kicker will vest four years after the date of grant. b. Chairman Recognition award – Eligible employees of the Bank are awarded ordinary shares of the DBS Group Holdings Ltd for their excellent performance during the year. Shares awarded vest in a graded manner whereby thirty-three percent of the shares will vest two years after the date of grant, a further thirty-three percent of the shares comprised in the main award will vest three years after the date of grant and the remainder thirty-four percent of the shares will vest four years after the date of grant. A reconciliation of employee share based payment movements in number of shares during the year ended 31 March 2014 is shown below: Category Year No. of unvested Granted Additional Vested Lapsed No. of unvested shares as at shares for shares as at 31 March 2013 rights issue 31 March 2014 Restricted Share Plan 2010 41,341 – – 41,341 – – 2011 69,941 – – 24,649 5,711 39,581 2012 69,364 – – 17,999 4,278 47,087 2013 50,220 – – – 152 50,068 2014 – 103,468 – – – 103,468 Chairman’s Recognition 2010 5,056 – – 5,056 – – Award 2011 18,529 – 3,050 8,593 4,344 8,642 2012 48,850 – 400 15,587 2,000 31,663 2013 61,700 – – – – 61,700 2014 – 71,600 – – – 71,600 The weighted average fair value of shares awarded as shown above were in the range of SGD 14.10 – SGD 15.86. INDIA SCHEDULES TO FINANCIAL STATEMENTS AS AT 31 MARCH 2014 Currency: Indian rupees in thousands

42. Employee share based payments Continued